Date Published: 25th June 2012
Gerald Krasner, partner at Begbies Traynor in Newcastle and one of the UK’s leading insolvency experts, will be a guest speaker at the graduation ceremony of Newcastle College School of Health and Enterprise students on Monday 9 July at Newcastle Civic Centre.
Gerald will talk to business students about his 40 years’ experience and discuss some of the many high profile insolvency cases he has handled including the administration of Leeds United Football Club, and the lessons he has learnt from working as an insolvency practitioner.
Gerald has lectured both nationally and internationally to fellow insolvency practitioners and other professionals. Recent administrations in which he has been involved include Twickenham Film Studios Ltd and Port Vale (Valiant 2001) Football Club Ltd. He recently presented a 12 week business course at Newcastle College ‘Have you got what it takes – how to set up a business’.
“It’s an honour to be invited to speak at Newcastle College’s graduation ceremony. I feel it’s important for business leaders to give something back by linking with education,” comments Gerald. “The North East has been hit hard by the public sector cuts making it even more important that we nurture and inspire an entrepreneurial spirit in the younger generation.”
Over 2000 Newcastle College higher education students will graduate on Monday 9 and Tuesday 10 July. The college offers a wide range of courses from Foundation Degrees to Masters and has set its fees at a highly competitive £5,800 from September 2012. Newcastle College was one of the first colleges in the country to be awarded Foundation Degree Awarding Powers, based on the high quality of its courses.
Gerald qualified in 1971 as an ACA with Peat Marwick Mitchell and subsequently joined Bartfields Chartered Accountants where he began to specialise in Insolvency. He was one of the first licence holders in 1986 when he specialised in CVAs before they became more popular. Gerald has worked on numerous successful cases including Krasner v Dennison, for which he won in the Court Of Appeal and as a consequence changed the treatment of a bankrupts' pensions.
In 2004 he became chairman and part owner of Leeds United AFC which had debts of circa £103 million. These were reduced to £24 million before the club was sold the following year. In 2007 he sold the insolvency division of Bartfields to Begbies Traynor and became a partner at the firm.
Gerald has lectured both nationally and internationally to fellow insolvency practitioners and other professionals, and has also been involved in committees for both R3 and Insol.